Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Operations

v3.21.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 13,200 $ 11,135 $ 35,019 $ 33,302
Cost of goods sold 8,762 6,678 22,407 20,563
Gross profit 4,438 4,457 12,612 12,739
Operating expenses:        
General and administrative 3,727 3,545 11,778 23,158
Sales and marketing 4,018 2,650 9,619 6,847
Share-based compensation 660 1,543 3,517 7,047
Total operating expenses 8,405 7,738 24,914 37,052
Loss from operations (3,967) (3,281) (12,302) (24,313)
Other expense (income):        
Interest expense, net 79 2,537 3,148 7,268
(Gain) Loss on extinguishment of debt, net 0 88 (457) 88
Change in fair value of warrant liabilities (590) (4,213) (23,463) (2,118)
Total other (income) expense, net (511) (1,588) (20,772) 5,238
Net income (loss) (3,456) (1,693) 8,470 (29,551)
Preferred dividends 0 35 0 103
Net income (loss) available to common stockholders, basic (3,456) (1,728) 8,470 (29,654)
Net income (loss) available to common stockholders, diluted $ (3,456) $ (1,728) $ 8,470 $ (29,654)
Weighted average number of shares outstanding, basic (in shares) 29,466,520 8,160,242 16,799,796 8,134,957
Weighted average number of shares outstanding, diluted (in shares) 29,466,520 8,160,242 23,685,351 8,134,957
Earnings (loss) per share, basic (in dollars per share) $ (0.12) $ (0.21) $ 0.48 $ (3.65)
Earnings (loss) per share, diluted (in dollars per share) $ (0.12) $ (0.21) $ 0.34 $ (3.65)